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1115-1127 S Cross St

Other, IL 60178
  • $885,000
  • STATUS: Active
  • ON SITE: 149 Days
  • ID#: 1925304
UPDATED: 207 min ago
$885,000
  • 0
    BEDS
  • 2.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1984
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing courtesy of Century 21 Affiliated Pfister

Description

32 Unit apartment complex in Sycamore, IL 16-1 bedroom units, 16-2 bedroom units. Tenants pay electric heat. Large 2.5 acre lot, 4 washers & 4 dryers are leased. Property in the USDA Rural Development Low Income Housing Program. Property is required to stay in the RD program until 2035. This RD program allows renting only to low income tenants. Rents are controlled. Profit limited to $4380 per year. Must be professionally managed. Purchase: NO NEW LOANS can be taken on this property. Buyer assumes current mortgage of (approx.$150K) and brings cash to closing equal to difference between purchase price and mortgage balance. See documents for details.

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© 2022 South Central Wisconsin MLS Corporation. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Shine. Data last updated: 2022-05-19T23:42:02.827.
www.housesthatshine.com/homes/124213991
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1115-1127 S Cross St Other, IL 60178

  • Price: $885,000
  • Status: Active
  • On Site: 149 Days
  • Updated: 207 min ago
  • ID#: 1925304
0
Beds
0
Baths
0
½ Baths
2.5
Acres
1984
Built
Neighborhood:
Other States
County:
Other
Area:
Other States
Elementary School:
Call School District
Middle School:
Call School District
High School:
Call School District
School District:
Unknown
Property Description
32 Unit apartment complex in Sycamore, IL 16-1 bedroom units, 16-2 bedroom units. Tenants pay electric heat. Large 2.5 acre lot, 4 washers & 4 dryers are leased. Property in the USDA Rural Development Low Income Housing Program. Property is required to stay in the RD program until 2035. This RD program allows renting only to low income tenants. Rents are controlled. Profit limited to $4380 per year. Must be professionally managed. Purchase: NO NEW LOANS can be taken on this property. Buyer assumes current mortgage of (approx.$150K) and brings cash to closing equal to difference between purchase price and mortgage balance. See documents for details.
Exterior Features

Exterior Wood Type Apartment Building2 Story Unit1 Parking 1 Space Unit2 Parking 2 Space

Interior Features

Basement NonePoured Concrete Foundatn Clothes Dryers 0 Clothes Washers 0 Dish Washers 0 Heating Type Radiant Number Of Efficiencies 0 Number Of One Bedrooms 16 Number Of Three Plus Beds 0 Number Of Two Bedrooms 16 Refrigerators 32 Stoves 32 Unit1 Eat-In KitchenBalcony/PatioRange/OvenRefrigeratorIndividual Heat Control Unit1 Bedrooms 1 Unit1 Full Baths 1 Unit1 Half Baths 0 Unit1 Kitchen Dim 10X14 Unit1 Living Great Room Dim 12X15 Unit1 Master Bedroom Dim 12X13 Unit1 Sq Ft 650 Unit2 Eat-In KitchenBalcony/PatioRange/OvenRefrigeratorIndividual Heat Control Unit2 Bedroom2 Dim 10X11 Unit2 Bedrooms 2 Unit2 Full Baths 1 Unit2 Half Baths 0 Unit2 Kitchen Dim 10X14 Unit2 Living Great Room Dim 12X15 Unit2 Master Bedroom Dim 12X13 Unit2 Sq Ft 750 Units With AC 0

Property Features

Association South Central Wi Barrier Free Open Floor PlanRamped Or Level EntranceFirst Floor BedroomFirst Floor Full BathWidth Of Hallways 42"+ City Town Or Village City Fuel Electric Furnaces 0 Mailing City Other Miscellaneous Shared LaundryWater Softener OwnedInternet - Cable Net Operating Income 70793 Net Taxes 21613 Open House No Park Unit 1 Space2 SpacesOutside Source Acreage Seller Tax Year 2021 Total Expenses 121004 Total Income 191797 Unit1 Rent 589 Unit2 Rent 635 Utilities Separate Elec Meters Water Heaters 4 Water Softeners 4 Water Waste Municipal SewerMunicipal Water Year Built Source Seller Zoning R-3 Multi

Listing information © 2022 South Central Wisconsin MLS.
Listing provided courtesy of Century 21 Affiliated Pfister.



© 2022 South Central Wisconsin MLS Corporation. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Shine. Data last updated: 2022-05-19T23:42:02.827.
 
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101 N Main St.
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Listing courtesy of Century 21 Affiliated Pfister